RE:RE:Cos/Mark/Gardiner/Holt/OE/Lina/Others...thoughts? That is what I get for typing from memory after reading reports in bed at midnight...
My crude cash flow estimate is off by the roughly $3M that Ram paid down in SJE debt for the quarter.. If you don't have a cash flow statement, you need to check the balance sheet changes Q to Q.... so cash flow is essentially 0.. instead of $3M for the Q. opps. Sorry.
Still would buy whole company if had spare $35M.
Guess the PIK with cash flow for drilling is looking tougher to accomplish. Need the banks to forgo principal for a year or better yet to allow us to use the $14M in reserves for drilling. Or just get the 5MW for well 12-2 or ??
Or, still left with JV or screw by corp debt holders.
Gardner555